This post caused me to google news about Gerald Celente. I haven’t heard from him in a while. 8->
A great time for a strong man to take over, either over Europe, or the hemisphere, or even the world. He’ll make the trains run on time.
So what accounts for US stocks going (slightly) up? European money fleeing to the US?
Balanced budgets seem to be a long term necessity.
I’m thinking debt just sucks.
bump.
#1 When even the Swiss are forced to devalue their currency to save their economy.
We are witnessing a financial world currency war. The US devalues the dollar to finance US debt, this starts a chain reaction of other devaluations, that eventually lead to more US devaluation in a race to the bottom.
Why doesn’t Merkel just BUY Greece and rent it out?
Sad, but you are 100% right. Use coconut oil and the popcorn will taste better and last for days. What a show, and the market doesn’t know its butt from a hole in the ground.
they are proposing to send in the blue helmets to a people who sharpened shovels in wwii to take on the nazi’s.
the axis dive bomber pilots said “those crazy greeks just stood there and shot at us with rifles!”
thse same people offere the IMF a discount on office space if they paid part of the rent in cash. (the IMF was setting up offices in order to ensure tax collection)
if the french and germans try the blue helmet approach, they have no clue what a mess they will be creating.
#4 With thousands upon thousands of angry citizens protesting in the streets, the Greek government seems hesitant to fully implement the austerity measures that are being required of them. But if Greece does not do what they are being told to do, Germany may withhold further aid. German Finance Minister Wolfgang Schaeuble says that Greece is now “on a knife’s edge”.
-— - -
The author has no clue about greek protests. ALL of them have been limited to Syndagma Square (constitution square).
Unlike england where they are all over the country. The greek protests are centralized in that square. The reporterettes and reporters are all broadcasting from a trio of hotels along the side of the square. There is also a McDonalds, multiple cafes, and about a block and 1/2 over there is a starbucks coffee, not to be confused with the starbucks up on university square just up the street next metro stop over.
The real question is who at and what company inflated the Greek bond values in the first place?
The fall of the EU and the Euro would be a major step forward for freedom and liberty in Europe. Likewise, I’m not going to bemoan the fall of the dollar because that is the surest way to reduce the power of government is to defund it.
This is what happens when you feed PIIGS at the trough!
They overbought tourist destinations that were lacking in sustainable revenues (manufacturing, energy, agriculture). Romance is not a good motivation for investing.